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why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is going to look great. the inflation rate which is now 1% will go to 0% and you'll worry about deflation. >> then we're going to start 3-d printing gold. it will plummet even faster. >> gold is about 1,000 bucks an ounce. thank you, gentlemen. we appreciate it. >>> all hail the state of south dakota. cnbc has just named it as the number one state for business in america. and the man who puts that list together, cnbc's scott cone joins us live from the foot of mount rushmore. he'll explain. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it'
why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is...
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Jul 10, 2013
07/13
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it's a form of deficit funding. and that is building up on this side. >> the other problem is, too, these people were promised something. i understand government workers. i'm the first one to criticize them for getting sweetheart deals. but if they were promised something, they should be made hold as well. a lot of them took less money in favor of pensions and less stuff down the road. ultimately we know who is to blame. the politicians who didn't want to go to the taxpayers and say we've got to pay these people more now. >> part of it -- >> we've got to go, steven. i don't know the guy and i don't have a stake in the book, but read it. it came out a while ago. i finished it in three days f you want to read about the ultimate functionality, money for firehouses that didn't exist, people not paying taxes because they have no services but there's no services because they are not paying taxes. that's the toilet bowl of a city finances. i don't know charlie. seems like an interesting guy. i'd like to meet him some day.
it's a form of deficit funding. and that is building up on this side. >> the other problem is, too, these people were promised something. i understand government workers. i'm the first one to criticize them for getting sweetheart deals. but if they were promised something, they should be made hold as well. a lot of them took less money in favor of pensions and less stuff down the road. ultimately we know who is to blame. the politicians who didn't want to go to the taxpayers and say we've...
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Jul 10, 2013
07/13
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the european countries since the problems began or we have seen it in stocks in our market because of deficit funding or debt ceiling issues or the sequester. when things are good we forget about the pernicious impact of aggressive short selling without limits but when they're bad we feel them plenty and they're not fair. i hate it. short sellers aren't the only risk. we now have etfs of mass destruction. double, triple leverage. exchange traded funds that give you two or three times the short selling bang for your buck. these are etfs that exist for day traders. that's not the point of the stock market, is it? they don't work for long-term or medium term investors. they rebalance every day. take the skf. that's the ultrashort financial proshares. you think it would have made people money during the financial crisis. many of them got wiped out. wouldn't this be the instrument of choice? wrong. it actually lost you money. one of the worst years in bank stock history, and that's what happened? how is this possible? these etfs are designed to track day-to-day changes. at the end of every day the
the european countries since the problems began or we have seen it in stocks in our market because of deficit funding or debt ceiling issues or the sequester. when things are good we forget about the pernicious impact of aggressive short selling without limits but when they're bad we feel them plenty and they're not fair. i hate it. short sellers aren't the only risk. we now have etfs of mass destruction. double, triple leverage. exchange traded funds that give you two or three times the short...
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Jul 9, 2013
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it's the right thing from the standpoint of deficit reduction. i think it's a great thing for the nation to encourage this and change right now in our nation. i hope you will talk about the health care bill and what's happening, it's almost beyond belief. >> wow, far be it for me to bring that up out of the blue, senator. >> you know, this is pretty fascinating. i start at the top. you know, every american can get behind the notion of hoping that americans will have affordable health care. i mean, honest telely. i think as we have gone beyond the romance of all of this, the makeup and lipstick are off, people are waking up to look at this bill. it is a serious thing. let's face it. think about it in the height of the greatest recession we create a piece of legislation that says, be city way, if you will move your full-time employees down to part time, wink, wink, you don't have to cover them in health care, most recently, we have this provision which says that by the way, you just self declare how much you make. so you can decide whether you want
it's the right thing from the standpoint of deficit reduction. i think it's a great thing for the nation to encourage this and change right now in our nation. i hope you will talk about the health care bill and what's happening, it's almost beyond belief. >> wow, far be it for me to bring that up out of the blue, senator. >> you know, this is pretty fascinating. i start at the top. you know, every american can get behind the notion of hoping that americans will have affordable...
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Jul 8, 2013
07/13
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fannie and freddie delivering enormous profits that are helping to reduce the deficit. >> right. >> a hard time cutting that off. >> or they don't want it cut off. perry, by the way, isn't asking for monetary damages they want the thing ruled illegal. >> right. then of course you can see them benefit because they would reinstate preferreds, go back to par, enormous windfall. richard perry will be amongst our so many different guests that we're going to have delivering alpha on the 17th of july. but certainly something to discuss with him is the future of fannie and freddie. >> great story. when we come back, oil's on the rise. off of the highs of the day. and gold, we'll talk about that. are relooking at triple digit oil for long term? will gold hit $1,000 an ounce? we'll dive into both commodities and find out what a's ahead. >>> don mat trick beginning is his newzynga. issues he has to tackle day one. take a look at early movers. priceline at the top. at farmers we make you smarter about insurance, because what you dont know can hurt you. what if you didn't know that it's smart to r
fannie and freddie delivering enormous profits that are helping to reduce the deficit. >> right. >> a hard time cutting that off. >> or they don't want it cut off. perry, by the way, isn't asking for monetary damages they want the thing ruled illegal. >> right. then of course you can see them benefit because they would reinstate preferreds, go back to par, enormous windfall. richard perry will be amongst our so many different guests that we're going to have delivering...
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Jul 9, 2013
07/13
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they have an extremely debt and deficit situation and stuck in a difficult spot. do you raise the sales tax to address that? >> hard question. >> very difficult. >> difficult is saying it mildly for the amount of the growth. 260%. it is incredible is what it is. by the way, any of those people talking about it for years, rates still stay incredibly low. >> absolutely. absolutely. a real rate in japan than the u.s. >> the supermarket industry has a deal today. growth is tough to come by. kroger's number one leader on the s&p right now, david. >> wow. >> like the ganette of the supermarket business. >> go ahead. >> that is something that we should watch because it's not just, of course, the acquired company in this case harris teeter. how they got to the 38 cents is interesting. i know kelly's exciting shopping at both of these places. >> i know them well. >> we talk about it so often. acquirer stocks go up. talking about accretion here. >> the thing about harris teeter is maybe this is a reason why kroger is responding well, it positioned themselves. only 200 some
they have an extremely debt and deficit situation and stuck in a difficult spot. do you raise the sales tax to address that? >> hard question. >> very difficult. >> difficult is saying it mildly for the amount of the growth. 260%. it is incredible is what it is. by the way, any of those people talking about it for years, rates still stay incredibly low. >> absolutely. absolutely. a real rate in japan than the u.s. >> the supermarket industry has a deal today....
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Jul 8, 2013
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i think it's outrageous we are sittings here with an 8.5 millions jobs deficit. that's a lot to low into the garbage. >> you were nice to sorkin. he's a wall street guy. >> oh, come on. >> we can talk about financial transaction, a breaking up that stuff, joe. if you want to get into financial transactions. >> i want dean to come back and do the whole huffington post. >> have me on tomorrow, whatever day is good for you. >> okay. good wmt ewill. we like it. we do. we like to kick things out. i like one of the things you said we got to keep our u.s. banks from all their tax scams from avoiding europe pine taxation. i like that, that's one of your themes, isn't it, doon? >> no, it's a straight forward one. europe wants to have a financial transaction tax. >> i don't want to pay for their entitlements. >> you don't have to pay. european banks, if they operate in europe. if you and i go to you're. we have a meal at a restaurant there. we got to pay the tax. you don't want to pay the tax, don't go. >> do you want spitzer to get the job? >> i think it would be fascinat
i think it's outrageous we are sittings here with an 8.5 millions jobs deficit. that's a lot to low into the garbage. >> you were nice to sorkin. he's a wall street guy. >> oh, come on. >> we can talk about financial transaction, a breaking up that stuff, joe. if you want to get into financial transactions. >> i want dean to come back and do the whole huffington post. >> have me on tomorrow, whatever day is good for you. >> okay. good wmt ewill. we like it....